Infosys Ltd. (NYSE:INFY) Receives Consensus Rating of “Reduce” from Analysts

Infosys Ltd. (NYSE:INFY) has been given a consensus rating of “Reduce” by the seven analysts that are covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and six have given a hold recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $14.2183.

Several research analysts have weighed in on INFY shares. TD Cowen dropped their price objective on shares of Infosys from $16.00 to $15.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. BMO Capital Markets dropped their price objective on shares of Infosys from $20.00 to $15.00 and set a “market perform” rating on the stock in a research note on Friday, April 24th. Stifel Nicolaus set a $15.00 price objective on shares of Infosys in a research note on Thursday, April 23rd. Susquehanna dropped their price objective on shares of Infosys from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Finally, Jefferies Financial Group downgraded shares of Infosys from a “buy” rating to a “hold” rating and set a $14.31 target price for the company. in a research report on Monday, February 23rd.

Institutional Trading of Infosys

Large investors have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in shares of Infosys during the 1st quarter worth $97,000. State of Wyoming bought a new stake in shares of Infosys during the 1st quarter worth $134,000. Aureus Asset Management LLC bought a new stake in shares of Infosys during the 1st quarter worth $142,000. Able Wealth Management LLC bought a new stake in shares of Infosys during the 1st quarter worth $163,000. Finally, Dickmeyer Boyce Financial Management Inc. bought a new stake in shares of Infosys during the 1st quarter worth $173,000. 16.20% of the stock is owned by institutional investors.

Infosys Price Performance

NYSE INFY opened at $11.66 on Friday. The company’s 50 day simple moving average is $13.32 and its 200 day simple moving average is $15.81. Infosys has a 12 month low of $11.56 and a 12 month high of $30.00. The company has a market capitalization of $47.17 billion, a P/E ratio of 14.57, a PEG ratio of 1.54 and a beta of 0.89.

Infosys (NYSE:INFY) last released its quarterly earnings results on Wednesday, April 1st. The technology company reported $0.23 earnings per share (EPS) for the quarter. Infosys had a net margin of 16.44% and a return on equity of 32.64%. The business had revenue of $5.04 billion for the quarter. On average, analysts anticipate that Infosys will post 0.83 earnings per share for the current year.

About Infosys

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.